About Mintoak
Mintoak is a Financial Services company based in Mumbai (India) founded in 2017 by Rohit Ramana, Sanjay Nazareth, Kabeer Jain, Raman Khanduja, and Rama Tadepalli. Digital payments and engagement solutions are offered for MSMEs. Mintoak has raised $30.71 million across 8 funding rounds from investors including PayPal, HDFC Bank and British International Investment. Mintoak has completed 1 acquisition, including Digiledge. Mintoak was last valued at $116.84 million in January 2023. Its chief executive, as recorded, is Raman Khanduja. Its website mintoak.com draws about 98 thousand monthly visits. Its Indian entity Mintoak Innovations Private Limited reported revenue of ₹107 Cr. Mintoak offers products and services including Digital Payments Platform, Cloud-based Toolkit, and Value-added Services. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its competitors include Razorpay, Pine Labs and Airpay; 3 of its 3 listed competitors have raised funding.
Company details
Mintoak was founded in 2017 and is headquartered in Mumbai, India, operating in the fintech sector. Omnichannel payment solutions, smart processing tools, and credit transaction tracking for retailers are provided. Additional services include customer recognition, feedback mechanisms, ratings, analytics, and insights to support MSME operations across digital engagement channels.
- Headquarters Mumbai, India
- Founders Rohit Ramana, Sanjay Nazareth, Kabeer Jain, Raman Khanduja, Rama Tadepalli
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website mintoak.com
- Social LinkedIn X Facebook
- Legal Name Mintoak Innovations Private Limited
- Date of Incorporation 04 Sep, 2017
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of Mintoak
Mintoak operates through Mintoak Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mintoak Innovations Private Limited CIN U74999MH2017PTC299322 | Active | 04 Sep 2017 | Mumbai, Maharashtra | ₹107 Cr | 146 | 6 | View details |
Products & Services of Mintoak
Mintoak offers a comprehensive portfolio of products and services, including Digital Payments Platform, Cloud-based Toolkit, and Value-added Services.
Platform for secure digital transactions and merchant onboarding.
Tools for secure payment integrations and real-time analytics.
Services for comprehensive merchant business development and tracking.
Funding Insights of Mintoak
Mintoak has successfully raised a total of $30.71M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $9 million completed in August 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $30.71M
- Total Rounds 8
- Last Round Debt – Conventional — $9M
- First Round $706,199
(Feb 2018)
- Investors Count 15
All 8 funding rounds of Mintoak with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2026 | $9M | Debt – Conventional | – | – | |
| Dec 2025 | $6M | Series A | – | PayPal Ventures | |
| Jan 2023 | $20M | Series A | $116.84M | PayPal | |
| Aug 2021 | $1.39M | Seed | $26.62M | HDFC Bank | |
| Apr 2021 | $183,858 | Angel Round | $••••• | Poornima Nayak | – |
| Jan 2020 | $2.11M | Seed | $••••• | Pravega Ventures | – |
| May 2019 | $324,874 | Angel Round | $••••• | B Janardhan, Shobha Biju Pillai | |
| Feb 2018 | $706,199 | Seed | $••••• | Poornima Nayak, Shobha Biju Pillai |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2023 | $116.84M | •••••••• |
| Aug 2021 | $26.62M | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Jan 2020 | $••••• | •••••••• |
| May 2019 | $••••• | •••••••• |
| Feb 2018 | $••••• | •••••••• |
Full valuation and stage history of Mintoak
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $116.84M (Jan 2023). 15 investors in total: 8 institutional and 7 angel.
Investors in Mintoak
Mintoak has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include PayPal, HDFC Bank and British International Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency focused on small and medium-sized businesses | 1948 | bii.co.uk | London, United Kingdom | |
Financial services, strategic advisory, and partnerships in investments. | pravegavc.com | Bengaluru, India | ||
Venture capital, equity markets, and secondaries services in India. | 2017 | whitewhale.in | Mumbai, India | |
| paypal.vc | ||||
Commercial and personal banking services are offered by HDFC Bank. | 1994 | hdfcbank.com | Mumbai, India | |
Online payment solutions are offered to consumers and businesses. | 1998 | paypal.com | San Jose, United States | |
Packaging papers are manufactured and supplied by the company. | pgpaper.com | Greenock, United Kingdom | ||
| blacksoil.co.in | ||||
PN Poornima Nayak | unknown_7b9045fe1b774dafa | |||
RV Rekha Vijay Jain | unknown_5244094a4521404f9 |
Investor details for Mintoak
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Mintoak Innovations Private Limited (Mintoak)
Mintoak Innovations Private Limited is the primary company behind Mintoak. The board of Mintoak Innovations Private Limited currently have 5 directors; the longest-serving is Raman Khanduja, appointed in 2017. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Raman Khanduja DIN 03525872 | Whole-time director | 04 Sep 2017 | 9 yrs 2 mo | Mintoak Innovations Private Limited |
| Sanjay Maurice Nazareth DIN 07899541 | Whole-time director | 04 Sep 2017 | 9 yrs 2 mo | Mintoak Innovations Private Limited |
| Rama Tadepalli DIN 07985407 | Whole-time director | 09 Nov 2017 | 9 yrs | Mintoak Innovations Private Limited |
| Rohit Ramana DIN 10869918 | CFO | 01 Apr 2020 | 6 yrs 7 mo | Mintoak Innovations Private Limited |
| Koni Uttam Nayak DIN 02543830 | Director | 10 May 2023 | 3 yrs 6 mo | Mintoak Innovations Private Limited |
People of Mintoak
25 people are tracked at Mintoak (15 in leadership, 10 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CFO | Leadership | |
| Co-Founder & COO | Leadership | |
Kabeer Jain | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder & COO | Leadership | |
Gauresh Narse | Sales Head | Leadership |
Khushaal Talreja | Head Of Marketing | Leadership |
Nilesh Lonkar | Vice President - Platform Engineering | Leadership |
Saumya Srivastava | Head of Human Resources | Leadership |
Ruchi Yadav | Associate Vice President Human Resources | Leadership |
Shruti Narayan-Shanbhag | Head of Product Management | Leadership |
Priyal Pitre | Assistant Vice President Marketing | Leadership |
Nishant Balan | Associate Vice President | Leadership |
Kaneez Rajkotwala | Head, People & Product Upskilling | Leadership |
Rahul J. | Associate Vice President | Leadership |
Akashdeep Gajbhiye | Sales And Marketing Specialist | Team |
Priyasy Bokadia | AVP Marketing | Team |
Divyesh Bhalekar | Devops Engineer | Team |
Ritik Birla | Software Engineer | Team |
Girish B. | Principal Engineer | Team |
5 more people are available in the full profile.
Complete people profiles for Mintoak
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Mintoak
Figures of Mintoak Innovations Private Limited, the primary company behind Mintoak, for FY 2025. Revenue was ₹107 Cr (+27% year on year). Net profit was ₹32.56 Cr (31% margin). EBITDA was ₹36.71 Cr (34% margin). Revenue has grown at a compounded annual rate of +110% over three years and +168% over five years.
- ₹107 CrRevenue · FY 2025 · +27% YoY
- ₹32.56 CrNet profit · 31% margin
- ₹36.71 CrEBITDA · 34% margin
- ₹1.05 CrPaid-up capital
- 146Employees (provident fund records)
- +110%Revenue CAGR, 3 years
- +168%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mintoak Innovations Private Limited are on its company page.
Detailed financial statements for Mintoak
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Mintoak
Mintoak has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Digiledge.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Providing solutions for banks on SaaS or hosted model | digiledge.in | Bengaluru, India | 2017 | Mar 2025 | $3.5M |
Complete acquisition details for Mintoak
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Mintoak
5 dated milestones of Mintoak across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Mintoak is founded.
- Funding First funding round of $706K.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Digiledge.
- Funding Latest funding round, Debt – Conventional, of $9.0M.
Competitors of Mintoak
Mintoak has 3 listed competitors in our database, 3 of them funded. They include Razorpay, Pine Labs and Airpay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| razorpay.com | 2014 | Bengaluru, India | $741.62M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| pinelabs.com | 1998 | Noida, India | $1.23B | 3,780 | Omnichannel payment solutions, loyalty programs, and business tools are provided. | |
| airpay.co.in | 2012 | Mumbai, India | $3.63M | 996 | An integrated omnichannel platform for financial services is provided. |
Detailed competitors of Mintoak
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Verified entity values are shown only after access is granted.
Web traffic of Mintoak
The website of Mintoak (mintoak.com) receives about 98.3K visits a month.
- Monthly visits98.3K
▲ 1.4% vs previous month
Websites whose visitors overlap most with Mintoak. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| worldline.com | 100% | 432.7K | #107,692 | View details | |
| aciworldwide.com | 100% | 134.5K | #343,358 | View details | |
| thepaypers.com | 100% | #291,072 | View details | ||
| vccircle.com | 40% | 274.4K | #189,240 | View details | |
| qodenext.com | 30% | 16.1K | #1,492,518 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Mintoak (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Frequently Asked Questions about Mintoak
Mintoak was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Mintoak is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Raman Khanduja is the CEO of Mintoak, as recorded in our data. They have also founded this company.
Mintoak is a funded company, having raised a total of $30.71M across 8 funding rounds to date. The company's 1st funding round was a Seed of $706.2K, raised on Feb 2018.
The primary company behind Mintoak, Mintoak Innovations Private Limited, reported revenue of ₹107 Cr for FY 2025, up 27% year on year.
Mintoak was founded in 2017 and is headquartered in Mumbai, India, operating in the fintech sector. Omnichannel payment solutions, smart processing tools, and credit transaction tracking for retailers are provided. Additional services include customer recognition, feedback mechanisms, ratings, analytics, and insights to support MSME operations across digital engagement channels.
Mintoak offers Digital Payments Platform, Cloud-based Toolkit, and Value-added Services.
Mintoak has made 1 acquisition, including Digiledge.
Mintoak has 15 investors. Key investors include PayPal, HDFC Bank, British International Investment, Pravega Ventures, and White Whale Partners.
The valuation of Mintoak is $116.84M as of Jan 2023.
Mintoak operates through Mintoak Innovations Private Limited.